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Kula Gold Limited ( (AU:KGD) ) has shared an announcement.
Forrestania Resources Limited has declared its off-market takeover offer for all fully paid ordinary shares in Kula Gold Limited to be free of all remaining defeating conditions, rendering the bid and any contracts arising from acceptances wholly unconditional under the Corporations Act. In parallel, Forrestania’s board has extended the offer period, pushing the closing time from 8 January 2026 to 22 January 2026, providing Kula shareholders with additional time to consider the now-unconditional bid, a move that may increase participation and bring greater certainty around the transaction’s completion and future control of Kula Gold.
More about Kula Gold Limited
Kula Gold Limited is an Australian-listed company whose fully paid ordinary shares are the subject of an off‑market takeover bid by Forrestania Resources Limited, an ASX-listed resources company. The transaction involves Forrestania seeking to acquire all of Kula Gold’s issued share capital under an off-market offer governed by the Corporations Act.
Average Trading Volume: 7,230,048
Technical Sentiment Signal: Sell
Current Market Cap: A$47.21M
Learn more about KGD stock on TipRanks’ Stock Analysis page.